For all of your accounting needs, our Accounting Department is dedicated to ensuring your Plan’s Funds are properly accounted for. We are responsible for the following tasks:
- Maintain records of the Plan to meet the requirements of the Client’s auditor/accountant
- Contribution Processing
- Delinquency Administration
- Accounts Payable
- Journal entries
- General Ledger
- Bank Reconciliations
- Bank Transfers
- Tax Reporting
- Provide the Client with Financial reporting for monthly/quarterly statements of cash flow
- Manage benefit payments
- Withhold, deposit, and report all applicable taxes
- Issue year end tax forms
- Perform end of the year tax filings
- Maintain all appropriate checking accounts in coordination with Trust accounts
- Maintain separate payment records for each vendor, including monitoring and reporting on percentage savings from charges if applicable